Suppose That Consumer Income Increases and That Ground Meat Is

Multiple Choice

Suppose that consumer income increases and that ground meat is an inferior good. Which of the following will occur in the market for ground meat?

A) Market clearing price will rise, and equilibrium quantity will rise.
B) Market clearing price will fall, and equilibrium quantity will fall.
C) Market clearing price will rise, and equilibrium quantity will fall.
D) Market clearing price will fall, and equilibrium quantity will rise.